An important statement came from Binance, the leading Bitcoin exchange, today. Accordingly, the statement is about 25 altcoins. There are significant changes for the platform. Accordingly, Binance will remove 25 trading pairs from the list in the latest update. Let’s look at the details.
Binance announces delisting of 25 altcoin trading pairs
Binance, the world’s largest cryptocurrency exchange, makes important statements in its latest update. Accordingly, it announced plans to remove 25 altcoin trading pairs from both isolated and cross margin trading. Major cryptocurrencies are among the delisted token projects.
Binance listed the tokens to be delisted in an official statement published on Friday, September 29. Cryptocurrencies on the list include Bella Protocol (BEL), BarnBridge (BOND), BurgerCities (BURGER). Altcoins Coin98 (C98), Cortex (CTXC), Ethereum Name Service (ENS), Flux (FLUX) are also included. Also included are ICON (ICX), IoTeX (IOTX), Kava (KAVA), Kadena (KDA), Lazio Fan Token (LAZIO). Mina Protocol (MINA), NEO (NEO), Ocean Protocol (OCEAN), Ontology (ONT) are also among the delisters. On the other hand, Marlin (POND), Quant (QNT), Reef (REEF), Santos FC Fan Token (SANTOS), SafePal (SFP), SuperVerse (SUPER), Stargate Finance (STG), Alien Worlds (TLM) and Vibraniums (VIB). ) is also included.
Delisting timeline
According to the announcement, Binance will begin the process by suspending isolated and cross-margin borrowing for BUSD pairs of these altcoin projects. It is expected that this transaction will be carried out at 09:00 on October 2. Then, at 09:00 on October 10, all open positions in these trading pairs will be automatically closed. Users will also receive direct payments.
When we look at it as Kriptokoin.com, here are important implications for investors. After these transactions, Binance will continue to cancel all pending orders. In addition, the exchange will suspend trading against altcoin BUSD on these trading pairs. However, let us remind you that these tokens may still have other pairs for margin trading. So, it should be noted that they have not been completely removed from the platform. This move by Binance attracts attention within the dynamic structure of the cryptocurrency market. On the other hand, investors are looking at what the next move will be. Because the cryptocurrency market is known for its dynamic structure. Here it is recommended that investors stay up to date with the latest developments, especially when it comes to trading pairs and assets on platforms like Binance.
